Lema Materials LLC

“I became really comfortable working with NFS and Dean Oliver almost immediately,” says Ed McKaughan, Lema Materials LLC Owner, "Every time they said they would do something, they did it."

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Previously operating in the trucking services business since 2004, the founders of Lema Materials LLC recognized the real opportunity was in the ownership of the materials it had been transporting vs. the hauling of them. However, as an industry newcomer, Lema had to learn the ins and outs of the industry in order to compete. After a difficult experience with banks, financing from NFS Leasing enabled Lema to transition into their niche and establish a strong new presence in their market.

  • Entering a new industry meant the initial purchase of many hard assets would quickly use the company’s cash.
  • Expansion of a new state-of-the-art plant on a strict timeline required both Lema and NFS Leasing to work together to meet the challenge


In 2012, Lema Materials LLC spotted the opportunity to expand its trucking business to also include material production and ownership. Having limited exposure to the operations involved in owning the materials, Lema started out initially with a material focus of select fill, bank sand and common fill. Lema began to not only purchase material, but also excavating it themselves. Lema has now transitioned successfully from transporting to producing, owning and selling the fill it was previously only trucking.

Fast forwarding six years, Lema saw an opportunity to expand further. This expansion included material production of concrete sand, gravel and other sands along with fill. These supplementary materials have a much higher demand and profit margin and presented an even greater opportunity for Lema.


In 2018 Lema Materials LLC was introduced to a landowner who was looking to repurpose a 108-acre tract of land to lakefront property for development. In doing so, there would be a large reserve of sand, gravel, and various types of dirt for Lema to excavate and process into marketable products. Lema was motivated to accept the project and immediately knew it needed to acquire new equipment and a facility to support it.

Needing to act quickly, the company approached a traditional bank and received a verbal commitment to fund the important purchases. With this information in hand, the company went ahead and procured $400K of equipment to commence site preparation to receive and erect the plant components. Upon returning to the bank to receive funding, the bank told Lema that they had made a mistake and could not fund the purchases. Left with $400K in debt and no plant funding, Lema needed to find a solution quickly.


As the new guys in the industry and having its bank withdraw from a critical agreement to support an important project, Lema found itself in a difficult situation. Beaten up, but determined and motivated, Lema began looking for alternative sources of funding. Integrity was an important requirement in the search for a finance partnership.

Fortunately, Lema was introduced to NFS Leasing, and quickly recognized that NFS was going to be the right partner to finance its equipment needs. “I became really comfortable working with NFS and Dean Oliver almost immediately,” says Ed McKaughan, Lema Materials LLC owner, “Every time they said they would do something, they did it.” This was a refreshing experience for Lema considering what it just went through with the bank.


Consistent and transparent communication allowed Lema Materials and NFS Leasing to come to an agreement quickly. The partnership between the two would mean Lema could keep to its desired timeline for the new facility and efficiently meet customer demands.

The new Lema Materials facility is unprecedented in the industry, built using state-of-the-art equipment which includes computer-controlled product sort and distribution. Not only will it be quick and efficient, but the product will have consistent quality, meeting the demands of its many clients, including those who must meet the requirements of the Texas Department of Transportation.


Completing the equipment financing agreement with NFS Leasing meant finishing the facility sooner than anticipated. McKaughan says of the deal “The process was so smooth that we had a three month decrease in timeline completion. Time is money. I wish we had engaged with NFS Leasing even sooner.”

The equipment in the new facility allows Lema Materials to produce a premium product that much of the rest of the industry simply cannot provide with older, outdated equipment. Lema now has sufficient product to meet customer demands efficiently and grow and expand its business.

  • Daniel Bunn, Owner
    "NFS was very flexible when working through the terms. They let us know what they were willing to do for us, how it needed to be done, and why it needed to get done. Having structured multiple deals with them, it's safe to say I appreciate their partnership."
    Daniel Bunn, Owner
    Mega Highwall Mining
  • Todd Tackett
    "I had a great conversation with NFS on what we wanted to do with the equipment and what we were seeking in a lease agreement, and thankfully, NFS helped us find a solution. While I have been in the mining industry for 24 years, I had never done a deal this large. Engaging with NFS was hassle-free and we were happy that we found a solid partner to fund such a large and important deal."
    Todd Tackett
    Construction and Reclamation Services
  • Kevin Richardson, CEO
    "They clearly laid out the deal and terms. They were direct and honest with what they were and were not able to do. No nonsense, no trickery. That allowed us to build a relationship based on trust and the process was simple and fluid because of it. What would have taken ten to fifteen years will now take four years thanks to NFS Leasing. This is allowing us the opportunity to save limbs and lives now. NFS Leasing was and is still genuinely interested in Sanuwave and working towards its continued success. Money is a commodity and can be found almost anywhere but finding a partner who cares about the company means a lot to us."
    Kevin Richardson, CEO
  • Matthew Hoar, CFO
    "Working through the initial challenges with NFS was excellent. The level of responsiveness was fantastic, and they have an extremely high level of service. NFS followed a simple process. The communication was fast and realistic. Overall, I would give NFS an A+."
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    Flow Water
  • Malachi Salcido
    "NFS was willing to sign lease deals that were fair, while it felt like other leasing companies would take advantage of us at every opportunity. It seemed as if NFS wanted to get the deal done. There were no onerous processes, no particularly crafted steps and procedures to follow, which made NFS easy to work with."
    Malachi Salcido
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    Monty Galland, CEO
  • Frank Bou
    "The communication with NFS Leasing was great. They were very easy to reach, hassle-free, and extremely knowledgeable. They were simple and straightforward; very honest and upfront with what could be accomplished. We were successfully able to write our project plan based on NFS's commitment and that helped start off the project on the right foot."
    Frank Bou
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    Rob Grenley, Director, Corporate Finance
    POP Gourmet, LLC
  • Jon Radoff, CEO
    "Having worked with NFS Leasing at a prior firm, when we started Disruptor Beam I did not hesitate to call on them again. Dean and the team at NFS Leasing really get it. They listen and understand our story and our needs, and they have numerous vendor relationships that help provide a superior level of service. When we grow they are always willing to grow with us. I recommend them highly."
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  • Brian Hierholzer, President
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    Sam Naficy, President and CEO
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    Ilya Beyer, CTO
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    Cy Smith, Founder & CEO
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  • Bob Brick, CEO
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    Bob Brick, CEO
    Agile Networks